What’s News in Markets: Inflation Cools, Oil Refiners Push Stocks Up, Reddit Joins S&P 500

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  Hey listeners, it's Saturday, August 15th.

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  I'm Shraddha Dinesh for The Wall Street Journal, and this is What's News in Markets,

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  our look at the biggest stock moves of the week and the news that drove them.

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  Let's get to it.

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  It was a big week for economic data.

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  The Labor Department reported that the annual inflation rate fell slightly in July, cooling to 3.4 percent,

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  while core prices rose by 2.5 percent over the past 12 months.

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  That reading essentially ties February's for the lowest recorded

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